this is a trade ive taken on GBPJPY and i am planning to ride the pound down to the demand levels i have also used larger time frames to do my analysis but this is the result and if you'd like me to explain the trade in more depth and detail just comment down below. simple price action rejection and retest strategy used i have seen very good results with with...
Price will long termly continue to neckline after breakout. Maybe we will see retest on bull pennant or straight moves to inverted HaS neckline because of economical situation. Share your own idea to the comment below! Subscribe my profile and don't miss any analysis Go check my friend's charts -> MARXOW
Same situation like a week ago. HaS or Inverted Has on 4H+ tf always come back to their neckline after completed breakout. Share your own idea to the comment below! Subscribe my profile and don't miss any analysis Go check my friend's charts -> MARXOW
3rd touch on trendline and ascending wedge= good entry to sell and RR ratio
Price is still inside small channel. We will looking for some reversal pattern which will confirm our correction to fib 38.2%
Looking on 15 min time frame for execution, price has nicely reached 50% of mitigation candle
So this is the only pair that im using to trade Quarters theory and Major and Minor Support and Resistance levels. Price is pretty much respecting the levels. Lets see if we get a push down to that zone.
Double bottom formation has been formed and if the current 4hr has a bullish pinbar closure, then expect a gain of 162 pips with a stop loss of 31 pips. *Always view and verify charts yourself before taking any trades.*
USDJPY - Long above 109,25 with target 109,70
A few follower’s have asked me to look at this chart, If you want me to do analysis on any chart, just follow me and let us know. There are three features on this chart that stand out to me, they all carry the same meaning to be. Firstly we haven’t had a close above or below the January 3rd bar, since January third. This tells me we are in a box, and you...
Simple Confluence Factors 1. Trendline 2. Mayor Reversal Area 3. Level 23% Of Fibo 4. Nice beautiful Pullback / bullish flag
LTC is going just by the 2/1 support line. It bounced of 0.5 fib level and returned to the line. Now i'm expecting slow rise to the 3rd arc pair and then we can see a big thing after it closes out of the arc pair. Stoch RSI is about to cross the bottom line of buy zone. Buy and sell zones are red and green rectangles on the chart. Happy trading.
We can start with a quick short, the market seems to be going for a slight drop, it's probably going to have some problems going through the 0.74500 (TP: 0.73964 SL: 0.75080). After the currency drops significantly, i expect it will try to break the 0.74500 resistance line and go try the 0.75000. Long at 0.74012 (TP 0.74802 SL: 0.73545). I will setup the second...
So it is the day of. The day of no return. The day we find out what we all knew to be true from the start...... The UK is going to STAY. So, during the build up this morning, DO expect 100-150 PIP swings. DO expect havoc on open trends. Fake breakouts. Fake reversals. The moment the word "Remain" is uttered get ready for the largest move up in price for GBPUSD...
Confluences 1. KEY Weekly Resistance/Support at 1.4210 holding well. 2. Doji Formation on yesterdays candlesticK 3.Follwing Recent Price Action this is a classic pullback trade 4.KEY DESCENDING TREND LINE HOLDS 5. FIBO 23.6% retracement also acts as resistance here...